Home / Environment / Delhi's Green Gold: Carbon Credits to Fund Eco Projects
Delhi's Green Gold: Carbon Credits to Fund Eco Projects
15 Jan
Summary
- Delhi government approves framework to sell carbon credits.
- Credits earned by reducing emissions from green projects.
- Revenue from credits will fund further environmental initiatives.
The Delhi government has announced the approval of a framework for carbon credit monetization, responding to public demand for action against air pollution. This policy enables the generation of revenue by selling carbon credits, which are earned by reducing the city's emissions through various green projects.
Projects such as operating electric buses, expanding green cover through plantation drives, promoting solar energy adoption, and improving waste management will be utilized to generate these credits. These emission reductions will be scientifically measured and registered, then sold on national and international carbon markets.
A specialized agency will be appointed for documentation and registration according to international standards. This initiative, with no upfront cost to the government, operates on a revenue-sharing model, with all proceeds directed to the state's Consolidated Fund.
